Tag: steepest
Steepest drop for US stocks since 2020 as China and EU vow to hit back on Trump tariffs
Global stocks have sunk, a day after President Donald Trump announced sweeping new tariffs that are forecast to raise prices and weigh on growth in the US and abroad. The S&P 500, which tracks 500 of the biggest American firms, plunged 4.8% – its worst day since Covid crashed the economy in 2020. Nike, Apple…
Asian countries riven by war and disaster face some of steepest Trump tariffs
Myanmar, Cambodia and Laos hit with rates over 40% as experts say the real target is China Developing nations in south-east Asia, including wartorn and earthquake-hit Myanmar, and several African nations are among the trading partners facing the highest tariffs set by Donald Trump. Upending decades of US trade policy and threatening to unleash a…